Restaurants for Sale

Food Service Businesses for Sale in Houston and other areas of Texas.

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Agent Profile

Agent: Marcia Bowron

Main Office: 713-680-1200

Direct Line:

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Listing Profile

Nat'l Sandwich Franchise in Most Prestigious Mall For Sale - Owner Absentee!

Listing #: 8189

Houston

Listing Profile
Business Classification:
Fast Food Establishment
Business Purchase Price:
$159,000
Working Capital:
$0
Real Estate Price:
$0
Total Purchase Investment:
$159,000
Down Payment Required:
$159,000
Gross Revenue:
$823,203
Discretionary Earnings:
$120,340
Imputed Rent:
$0
Total Cash Flow:
$0
Description and Operations
Business Description:

This is one of the best locations possible in the Houston area, for this quick service restaurant franchise & catering service! The shop serves fresh Philly and chicken cheesesteaks, healthy wraps with tasty combinations of meats, real cheeses, a variety of produce and delicious sauces. Also on the menu are flavorful wings, customized sandwiches, salads, pitas, subs, baked fries and rice bowls. Beginning in 1989 this franchise is the largest one in its industry with 50 franchise locations currently in the US; 10 of them in the Houston area. Seller implemented corporate catering last year including an online ordering system in-house, website and online presence across social media platforms. Sales increased 15% over same time period last year primarily due to catering. Expected growth sales in 2nd half of 2019 is 22% due to catering area and introducing new food items to the menu. This owner only does catering runs and corporate client visits which could easily be handled by new hire employee. Manager on staff could be replaced by new buyer saving on employee costs. Franchisor provides 1 week training in Houston area. Royalties are 6% and transfer fee of $11,250 to be paid by buyer. This business is also suitable for E2 (investor) Visa.

Business Established Date:
2012
Reason for Sale:
Seller is going back to corporate world as CPA
Full Time Employees:
5
Part Time Employees:
6
Facility Type:
713sf facility in shopping mall
Monthly Rent
$15,545
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